Manchin's New Deal
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https://www.politico.com/news/2022/07/27/manchin-schumer-senate-deal-energy-taxes-00048325
Manchin's new deal with Schumer has something for the Affordable Care Act, climate change, American manufacturing and mining, and will reduce the deficit by $300 Billion.
They gave it a cute name too, “the Inflation Reduction Act of 2022.”
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Looks like it will close the “carried interest” loop hole too.
Scroll down the Axios article a bit to get to a bullet point list of the major provisions included in the bill:https://www.axios.com/2022/07/28/sinema-manchin-deal-senate-democrats
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Not quite sure I understand why the 15% minimum company tax rate will cost $300+ billion?
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Article
focusing on the bill's Medicare provisions:- Let Medicare negotiate prescription drug prices
- Set Medicare Part-D out-of-pocket maximum to $2000
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A Axtremus referenced this topic on
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